VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.004USD
STEEM
0.000STEEM
SBD
0.009SBD
Effective Power
1.200SP
├── Own SP
0.000SP
└── Incoming DelegationsDeleg
+1.200SP
Detailed Balance
| STEEM | ||
| balance | 0.000STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 0.000SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 1.200SP | SP |
| Effective Power | 1.200SP | SP |
| Reward SP (pending) | 0.010SP | SP |
| SBD | ||
| sbd_balance | 0.001SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.008SBD | SBD |
{
"balance": "0.000 STEEM",
"savings_balance": "0.000 STEEM",
"reward_steem_balance": "0.000 STEEM",
"vesting_shares": "0.000000 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "1953.311140 VESTS",
"sbd_balance": "0.001 SBD",
"savings_sbd_balance": "0.000 SBD",
"reward_sbd_balance": "0.008 SBD",
"conversions": []
}Account Info
| name | aqoom |
| id | 1152993 |
| rank | 1,611,585 |
| reputation | 453936856 |
| created | 2018-10-12T01:07:24 |
| recovery_account | steem |
| proxy | None |
| post_count | 29 |
| comment_count | 0 |
| lifetime_vote_count | 0 |
| witnesses_voted_for | 0 |
| last_post | 2018-11-13T06:47:27 |
| last_root_post | 2018-11-13T06:47:27 |
| last_vote_time | 1970-01-01T00:00:00 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 0 |
| delayed_votes | 0 |
| balance | 0.000 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 0.001 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 0.000000 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 1953.311140 VESTS |
| reward_vesting_balance | 20.176696 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 2018-10-17T05:06:57 |
| mined | No |
| sbd_seconds | 0 |
| sbd_last_interest_payment | 1970-01-01T00:00:00 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
"active": {
"account_auths": [],
"key_auths": [
[
"STM5e9tg6GPtv7LEfivsLperrXcBVZ9vRdFNuVk8aYdjfEtyBALeV",
1
]
],
"weight_threshold": 1
},
"balance": "0.000 STEEM",
"can_vote": true,
"comment_count": 0,
"created": "2018-10-12T01:07:24",
"curation_rewards": 0,
"delegated_vesting_shares": "0.000000 VESTS",
"downvote_manabar": {
"current_mana": 488327785,
"last_update_time": 1588919391
},
"guest_bloggers": [],
"id": 1152993,
"json_metadata": "{\"profile\":{\"profile_image\":\"https://cdn.steemitimages.com/DQmamYqguZcd3kcTVc6BzGSCrcgErd1Pb99jqvJQocHtZuE/1_A_3JGjNUIllxIIsR0Zr41A.png\",\"about\":\"Blockchain Q&A community in Seoul #LearnandEarn\"}}",
"last_account_recovery": "1970-01-01T00:00:00",
"last_account_update": "2018-10-17T05:06:57",
"last_owner_update": "1970-01-01T00:00:00",
"last_post": "2018-11-13T06:47:27",
"last_root_post": "2018-11-13T06:47:27",
"last_vote_time": "1970-01-01T00:00:00",
"lifetime_vote_count": 0,
"market_history": [],
"memo_key": "STM6kk2L4DqkowwPnFDjKqUJApahBz4Uih1dyDFVfZz3L2qPvGZHf",
"mined": false,
"name": "aqoom",
"next_vesting_withdrawal": "1969-12-31T23:59:59",
"other_history": [],
"owner": {
"account_auths": [],
"key_auths": [
[
"STM5ao6rtJZt5zNaoLhwrDQSHyY8bLQMTQtMLizNi8CAXqcsgRYDK",
1
]
],
"weight_threshold": 1
},
"pending_claimed_accounts": 0,
"post_bandwidth": 0,
"post_count": 29,
"post_history": [],
"posting": {
"account_auths": [],
"key_auths": [
[
"STM6NZfDECGWcj9u2LTdody7zbwjTWn3ycBqpkbByTy4f2JhoZ2t3",
1
]
],
"weight_threshold": 1
},
"posting_json_metadata": "{\"profile\":{\"profile_image\":\"https://cdn.steemitimages.com/DQmamYqguZcd3kcTVc6BzGSCrcgErd1Pb99jqvJQocHtZuE/1_A_3JGjNUIllxIIsR0Zr41A.png\",\"about\":\"Blockchain Q&A community in Seoul #LearnandEarn\"}}",
"posting_rewards": 20,
"proxied_vsf_votes": [
0,
0,
0,
0
],
"proxy": "",
"received_vesting_shares": "1953.311140 VESTS",
"recovery_account": "steem",
"reputation": 453936856,
"reset_account": "null",
"reward_sbd_balance": "0.008 SBD",
"reward_steem_balance": "0.000 STEEM",
"reward_vesting_balance": "20.176696 VESTS",
"reward_vesting_steem": "0.010 STEEM",
"savings_balance": "0.000 STEEM",
"savings_sbd_balance": "0.000 SBD",
"savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
"savings_sbd_seconds": "0",
"savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
"savings_withdraw_requests": 0,
"sbd_balance": "0.001 SBD",
"sbd_last_interest_payment": "1970-01-01T00:00:00",
"sbd_seconds": "0",
"sbd_seconds_last_update": "2018-10-18T13:13:03",
"tags_usage": [],
"to_withdraw": 0,
"transfer_history": [],
"vesting_balance": "0.000 STEEM",
"vesting_shares": "0.000000 VESTS",
"vesting_withdraw_rate": "0.000000 VESTS",
"vote_history": [],
"voting_manabar": {
"current_mana": 1953311140,
"last_update_time": 1588919391
},
"voting_power": 0,
"withdraw_routes": 0,
"withdrawn": 0,
"witness_votes": [],
"witnesses_voted_for": 0,
"rank": 1611585
}Withdraw Routes
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
2020/05/08 06:29:51
2020/05/08 06:29:51
| delegatee | aqoom |
| delegator | steem |
| vesting shares | 1953.311140 VESTS |
| Transaction Info | Block #43189797/Trx a87c4ac91eee30f7785ded7d6ec8a87448d608a8 |
View Raw JSON Data
{
"block": 43189797,
"op": [
"delegate_vesting_shares",
{
"delegatee": "aqoom",
"delegator": "steem",
"vesting_shares": "1953.311140 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-05-08T06:29:51",
"trx_id": "a87c4ac91eee30f7785ded7d6ec8a87448d608a8",
"trx_in_block": 27,
"virtual_op": 0
}2020/01/13 05:53:36
2020/01/13 05:53:36
| delegatee | aqoom |
| delegator | steem |
| vesting shares | 9829.468605 VESTS |
| Transaction Info | Block #39884332/Trx 1abf1b83a26bcb7a214838fd85205c48ab977edf |
View Raw JSON Data
{
"block": 39884332,
"op": [
"delegate_vesting_shares",
{
"delegatee": "aqoom",
"delegator": "steem",
"vesting_shares": "9829.468605 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2020-01-13T05:53:36",
"trx_id": "1abf1b83a26bcb7a214838fd85205c48ab977edf",
"trx_in_block": 6,
"virtual_op": 0
}2019/10/12 02:45:42
2019/10/12 02:45:42
| author | steemitboard |
| body | Congratulations @aqoom! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@aqoom/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@aqoom) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=aqoom)_</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRUkELn2Fd13pWFkmWU2wBMMx39EBX5V3cHBEZ2d7f3Ve/image.png"></a></td><td><a href="https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready">The new SteemFest⁴ badge is ready</a></td></tr></table> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes! |
| json metadata | {"image":["https://steemitboard.com/img/notify.png"]} |
| parent author | aqoom |
| parent permlink | come-network-with-aqoom-and-fellow-blockchain-companies |
| permlink | steemitboard-notify-aqoom-20191012t024541000z |
| title | |
| Transaction Info | Block #37207267/Trx cbf320a66103ce7066e1ac499aad2f64a3236fc0 |
View Raw JSON Data
{
"block": 37207267,
"op": [
"comment",
{
"author": "steemitboard",
"body": "Congratulations @aqoom! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@aqoom/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@aqoom) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=aqoom)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRUkELn2Fd13pWFkmWU2wBMMx39EBX5V3cHBEZ2d7f3Ve/image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\">The new SteemFest⁴ badge is ready</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
"json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}",
"parent_author": "aqoom",
"parent_permlink": "come-network-with-aqoom-and-fellow-blockchain-companies",
"permlink": "steemitboard-notify-aqoom-20191012t024541000z",
"title": ""
}
],
"op_in_trx": 0,
"timestamp": "2019-10-12T02:45:42",
"trx_id": "cbf320a66103ce7066e1ac499aad2f64a3236fc0",
"trx_in_block": 6,
"virtual_op": 0
}2019/02/12 08:35:18
2019/02/12 08:35:18
| delegatee | aqoom |
| delegator | steem |
| vesting shares | 10026.106347 VESTS |
| Transaction Info | Block #30277930/Trx b1537d4acef3fdb1891c7bd3efa747c93f9edc06 |
View Raw JSON Data
{
"block": 30277930,
"op": [
"delegate_vesting_shares",
{
"delegatee": "aqoom",
"delegator": "steem",
"vesting_shares": "10026.106347 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2019-02-12T08:35:18",
"trx_id": "b1537d4acef3fdb1891c7bd3efa747c93f9edc06",
"trx_in_block": 22,
"virtual_op": 0
}2019/01/31 10:58:39
2019/01/31 10:58:39
| delegatee | aqoom |
| delegator | steem |
| vesting shares | 30099.196819 VESTS |
| Transaction Info | Block #29935492/Trx 5e8c5e854d2782a8fd6da8a893d24fa5c53950a4 |
View Raw JSON Data
{
"block": 29935492,
"op": [
"delegate_vesting_shares",
{
"delegatee": "aqoom",
"delegator": "steem",
"vesting_shares": "30099.196819 VESTS"
}
],
"op_in_trx": 0,
"timestamp": "2019-01-31T10:58:39",
"trx_id": "5e8c5e854d2782a8fd6da8a893d24fa5c53950a4",
"trx_in_block": 5,
"virtual_op": 0
}aqoompublished a new post: come-network-with-aqoom-and-fellow-blockchain-companies2018/11/13 06:47:27
aqoompublished a new post: come-network-with-aqoom-and-fellow-blockchain-companies
2018/11/13 06:47:27
| author | aqoom |
| body |  |
| json metadata | {"tags":["blockchain"],"image":["https://cdn.steemitimages.com/DQmXjdkxLh3gpEtzmZJgh5b7S9CqRiXZheT5g4fe5PQ2grt/blchntalks4.png"],"app":"steemit/0.1","format":"markdown"} |
| parent author | |
| parent permlink | blockchain |
| permlink | come-network-with-aqoom-and-fellow-blockchain-companies |
| title | Come Network with AQOOM & fellow blockchain companies |
| Transaction Info | Block #27656915/Trx 60cb5473ba194cfee5fe97523195e91fae4ab9bd |
View Raw JSON Data
{
"block": 27656915,
"op": [
"comment",
{
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"body": "",
"json_metadata": "{\"tags\":[\"blockchain\"],\"image\":[\"https://cdn.steemitimages.com/DQmXjdkxLh3gpEtzmZJgh5b7S9CqRiXZheT5g4fe5PQ2grt/blchntalks4.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
"parent_author": "",
"parent_permlink": "blockchain",
"permlink": "come-network-with-aqoom-and-fellow-blockchain-companies",
"title": "Come Network with AQOOM & fellow blockchain companies"
}
],
"op_in_trx": 0,
"timestamp": "2018-11-13T06:47:27",
"trx_id": "60cb5473ba194cfee5fe97523195e91fae4ab9bd",
"trx_in_block": 20,
"virtual_op": 0
}aqoompublished a new post: scientific-concern-over-bitcoin-global-warming2018/10/30 07:01:12
aqoompublished a new post: scientific-concern-over-bitcoin-global-warming
2018/10/30 07:01:12
| author | aqoom |
| body |  Climate change scientists have expressed alarm over the Bitcoin’s carbon footprint, and its future potential impact on global warming, according to a recent report published on Nature.com. The report infers existing data for Bitcoin’s electricity consumption combined with various projections for the cryptocurrency’s adoption in coming years. According to the report, last year, out of approximately 314.2 billion cashless transactions, Bitcoin’s share is estimated to have been around 0.033%. While acknowledging that “accelerated growth” is common at the early adoption stage of new technologies, the report nonetheless claims that even if Bitcoin follows a lower-level “median growth trend,” it could come to equal the worldwide total of cashless transactions “in under 100 years.” Should this materialise, total emissions of Bitcoin usage would “cross the 2 degree Celsius threshold within 22 years” if its adoption rate is similar to some of “the slowest broadly adopted technologies,” or within just “11 years” if adopted at the fastest rate of adoption. The carbon footprint forecast assumption is that the fuel types used to generate power today will remain “relatively fixed” in future years. “60 percent of the economic return of the Bitcoin transaction verification process goes to electricity, at $0.05 per kWh and 0.7 kg of carbon dioxide-equivalent (CO2e) emitted per kWh, [resulting in an] estimate that Bitcoin usage emits 33.5 metric tons of CO2e annually, as of May 2018.” Scientists suggest that economic reasons will urge miners to switch to areas with cost effective power supplies, thereby proposing that “electricity decarbonisation could help to decrease Bitcoin’s carbon footprint — but only where the cost of electricity from renewable sources is cheaper than fossil fuels.” The report admits that if energy costs remain high, more efficient hardware may help reduce its footprint, but it advises against relying on “yet-to-be-developed hardware.” A different proposal states “simple modifications to the overall system, such as adding more transactions per block or decreasing the difficulty or time required to resolve the proof-of-work” in order to “immediately” reduce Bitcoin’s electricity consumption. However, not all energy experts concur with the shared belief that high energy consumption is Bitcoin’s kryptonite. A report published in August critically examined the exclusive focus on mining’s energy-intensivity, emphasizing the importance of where the energy is produced and how it is generated, countering that “electricity production can increase while still maintaining a minimal impact on the environment.” Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
| json metadata | {"tags":["global","warming","bitcoin","mining"],"image":["https://cdn.steemitimages.com/DQmet598FGKq7vJ212skvJLXFb9HCmSMN44b5ja1kG2k81S/bitcion-TA.jpg"],"app":"steemit/0.1","format":"markdown"} |
| parent author | |
| parent permlink | global |
| permlink | scientific-concern-over-bitcoin-global-warming |
| title | Scientific concern over Bitcoin: global warming |
| Transaction Info | Block #27254297/Trx c2ca623866ad01427b0ac255923d3a5789889b55 |
View Raw JSON Data
{
"block": 27254297,
"op": [
"comment",
{
"author": "aqoom",
"body": "\n\nClimate change scientists have expressed alarm over the Bitcoin’s carbon footprint, and its future potential impact on global warming, according to a recent report published on Nature.com.\n\nThe report infers existing data for Bitcoin’s electricity consumption combined with various projections for the cryptocurrency’s adoption in coming years.\n\nAccording to the report, last year, out of approximately 314.2 billion cashless transactions, Bitcoin’s share is estimated to have been around 0.033%. While acknowledging that “accelerated growth” is common at the early adoption stage of new technologies, the report nonetheless claims that even if Bitcoin follows a lower-level “median growth trend,” it could come to equal the worldwide total of cashless transactions “in under 100 years.”\n\nShould this materialise, total emissions of Bitcoin usage would “cross the 2 degree Celsius threshold within 22 years” if its adoption rate is similar to some of “the slowest broadly adopted technologies,” or within just “11 years” if adopted at the fastest rate of adoption. The carbon footprint forecast assumption is that the fuel types used to generate power today will remain “relatively fixed” in future years.\n\n“60 percent of the economic return of the Bitcoin transaction verification process goes to electricity, at $0.05 per kWh and 0.7 kg of carbon dioxide-equivalent (CO2e) emitted per kWh, [resulting in an] estimate that Bitcoin usage emits 33.5 metric tons of CO2e annually, as of May 2018.”\n\nScientists suggest that economic reasons will urge miners to switch to areas with cost effective power supplies, thereby proposing that “electricity decarbonisation could help to decrease Bitcoin’s carbon footprint — but only where the cost of electricity from renewable sources is cheaper than fossil fuels.”\n\nThe report admits that if energy costs remain high, more efficient hardware may help reduce its footprint, but it advises against relying on “yet-to-be-developed hardware.” A different proposal states “simple modifications to the overall system, such as adding more transactions per block or decreasing the difficulty or time required to resolve the proof-of-work” in order to “immediately” reduce Bitcoin’s electricity consumption.\n\nHowever, not all energy experts concur with the shared belief that high energy consumption is Bitcoin’s kryptonite. A report published in August critically examined the exclusive focus on mining’s energy-intensivity, emphasizing the importance of where the energy is produced and how it is generated, countering that “electricity production can increase while still maintaining a minimal impact on the environment.”\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
"json_metadata": "{\"tags\":[\"global\",\"warming\",\"bitcoin\",\"mining\"],\"image\":[\"https://cdn.steemitimages.com/DQmet598FGKq7vJ212skvJLXFb9HCmSMN44b5ja1kG2k81S/bitcion-TA.jpg\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
"parent_author": "",
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"permlink": "scientific-concern-over-bitcoin-global-warming",
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],
"op_in_trx": 0,
"timestamp": "2018-10-30T07:01:12",
"trx_id": "c2ca623866ad01427b0ac255923d3a5789889b55",
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}magpieloverupvoted (100.00%) @aqoom / blockchain-s-arch-nemesis-scalability2018/10/26 05:31:00
magpieloverupvoted (100.00%) @aqoom / blockchain-s-arch-nemesis-scalability
2018/10/26 05:31:00
| author | aqoom |
| permlink | blockchain-s-arch-nemesis-scalability |
| voter | magpielover |
| weight | 10000 (100.00%) |
| Transaction Info | Block #27137362/Trx 6454e892e6c4aa3e80bf3a20cf21e5875d12e332 |
View Raw JSON Data
{
"block": 27137362,
"op": [
"vote",
{
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"permlink": "blockchain-s-arch-nemesis-scalability",
"voter": "magpielover",
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"trx_id": "6454e892e6c4aa3e80bf3a20cf21e5875d12e332",
"trx_in_block": 3,
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}aqoompublished a new post: blockchain-s-arch-nemesis-scalability2018/10/26 04:55:15
aqoompublished a new post: blockchain-s-arch-nemesis-scalability
2018/10/26 04:55:15
| author | aqoom |
| body |  Firstly, what in the world is scalability? It refers to the limits on the number of transactions the bitcoin network can process. Records (known as blocks) in the bitcoin blockchain are limited in size and frequency. The transaction processing capacity of the bitcoin network is limited by the average block creation time which is 10 minutes and the block size limit. These jointly constrain the network’s output and efficiency. So why should we care? Not like everyone globally is using bitcoin as their mode of currency exchange. True, but cryptocurrencies are continuing to become more mainstream. Daily, the number of daily Bitcoin transactions inches upward. Initially, cryptocurrencies were not designed with the idea of widespread use and adaptation in mind. As the number of daily transactions continues to rise, an increasing number of issues are popping up. Crypto enthusiasts hope that cryptocurrencies will eventually be able to compete with the likes of PayPal and Visa. However, at present, we are far from this. Visa is currently the fastest measured payment network. It is capable of processing approximately 24,000 payments per second. In comparison, PayPal can process approximately 193 transactions per second. Most cryptocurrencies are still lagging far behind. Ripple, however, is the ahead of the pack and can process up to 1,500 transactions per second, suggesting that it is likely to have the potential to become a viable payment method in the future. Meanwhile, Bitcoin and Ethereum are even further behind with transaction speeds of 7 and 20 transactions per second, respectively. This issue severely inhibits the likelihood of either becoming mainstream payment solutions in the future. But why do these issues arise? The transaction speed for cryptocurrencies is determined by the time taken to add a transaction to the block, plus the time taken to reach a consensus. The two most well-known mining protocols are Proof-of-Work (PoW) and Proof-of-Stake (PoS). However, there are significant issues with both of these protocols. For starters, the Bitcoin PoW protocol has incentivised a large number of individuals and organisations to buy more hardware and build huge mining farms, despite the fact that Bitcoin is supposed to be the most decentralised blockchain. Therefore, most of the hashpower is now controlled by a very small number of organisations. The PoS protocol is touted to have a small number of benefits over PoW–such as, slightly lower computational power requirements, slightly lesser power consumption and slightly faster transaction speeds. However, with the PoS protocol, the more the user stakes, the higher chance they have of being the one to claim the block reward. This means that, yet again, this system mainly benefits large organisations with large sums of money to stake. So, what’s the possible future of blockchain’s scalability? There have been several proposed blockchain scaling solutions over the years–from the likes of Segwit, and block size increase to Sharding and Plasma. Each solution has its positives and negatives and there has been significant debate over which is best suitable. However, this much is certain: to support the increased usage of cryptocurrencies, we need to step up our efforts to find a suitable scaling solution. Whether the issue can be totally solved is yet to be seen but so far, the results are looking promising. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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| parent permlink | blockchain |
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"body": "\n\nFirstly, what in the world is scalability?\n\nIt refers to the limits on the number of transactions the bitcoin network can process. Records (known as blocks) in the bitcoin blockchain are limited in size and frequency. The transaction processing capacity of the bitcoin network is limited by the average block creation time which is 10 minutes and the block size limit. These jointly constrain the network’s output and efficiency.\n\nSo why should we care? Not like everyone globally is using bitcoin as their mode of currency exchange.\n\nTrue, but cryptocurrencies are continuing to become more mainstream. Daily, the number of daily Bitcoin transactions inches upward. Initially, cryptocurrencies were not designed with the idea of widespread use and adaptation in mind. As the number of daily transactions continues to rise, an increasing number of issues are popping up.\n\nCrypto enthusiasts hope that cryptocurrencies will eventually be able to compete with the likes of PayPal and Visa. However, at present, we are far from this. Visa is currently the fastest measured payment network. It is capable of processing approximately 24,000 payments per second. In comparison, PayPal can process approximately 193 transactions per second. Most cryptocurrencies are still lagging far behind.\n\nRipple, however, is the ahead of the pack and can process up to 1,500 transactions per second, suggesting that it is likely to have the potential to become a viable payment method in the future. Meanwhile, Bitcoin and Ethereum are even further behind with transaction speeds of 7 and 20 transactions per second, respectively. This issue severely inhibits the likelihood of either becoming mainstream payment solutions in the future.\n\nBut why do these issues arise?\n\nThe transaction speed for cryptocurrencies is determined by the time taken to add a transaction to the block, plus the time taken to reach a consensus. The two most well-known mining protocols are Proof-of-Work (PoW) and Proof-of-Stake (PoS).\n\nHowever, there are significant issues with both of these protocols. For starters, the Bitcoin PoW protocol has incentivised a large number of individuals and organisations to buy more hardware and build huge mining farms, despite the fact that Bitcoin is supposed to be the most decentralised blockchain. Therefore, most of the hashpower is now controlled by a very small number of organisations.\n\nThe PoS protocol is touted to have a small number of benefits over PoW–such as, slightly lower computational power requirements, slightly lesser power consumption and slightly faster transaction speeds. However, with the PoS protocol, the more the user stakes, the higher chance they have of being the one to claim the block reward. This means that, yet again, this system mainly benefits large organisations with large sums of money to stake.\n\nSo, what’s the possible future of blockchain’s scalability?\n\nThere have been several proposed blockchain scaling solutions over the years–from the likes of Segwit, and block size increase to Sharding and Plasma. Each solution has its positives and negatives and there has been significant debate over which is best suitable.\n\nHowever, this much is certain: to support the increased usage of cryptocurrencies, we need to step up our efforts to find a suitable scaling solution. Whether the issue can be totally solved is yet to be seen but so far, the results are looking promising.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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}aqoompublished a new post: announcement-aqoom-and-libertafnc-sign-mou2018/10/25 03:22:15
aqoompublished a new post: announcement-aqoom-and-libertafnc-sign-mou
2018/10/25 03:22:15
| author | aqoom |
| body |  On Monday 25th October, Hysoop Company (AQOOM Q&A platform) and LibertaFNC (Marketing and Consulting for blockchain companies) signed a Memorandum of Understanding, signalling the start of a partnership towards the expansion of blockchain and cryptocurrency knowledge and education in the Korean and Japanese markets. We look forward to the continued endeavours and mutual growth of both companies. Feel free to visit our Q&A platform: www.aqoom.com |
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| parent permlink | blockchain |
| permlink | announcement-aqoom-and-libertafnc-sign-mou |
| title | Announcement: AQOOM and LibertaFNC sign MOU! |
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2018/10/25 01:29:12
| author | introduce.bot |
| body | @aqoom, go and place your daily vote for Steem on netcoins! http://contest.gonetcoins.com/ |
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2018/10/25 01:29:06
| author | aqoom |
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}aqoompublished a new post: blockchain-in-the-caribbean-blockchain-tech-helping-agribusiness-in-haiti2018/10/25 01:14:00
aqoompublished a new post: blockchain-in-the-caribbean-blockchain-tech-helping-agribusiness-in-haiti
2018/10/25 01:14:00
| author | aqoom |
| body |  Blockchain technology is to assist in the development of Haiti’s agribusiness sector! The Bank of the Republic of Haiti (BRH) will utilise the tech in three avenues: the development of the financial market, the financial inclusion and the agenda pro-growth. Jean Baden Dubois, Governor of the BRH stated that agribusiness is an important sector for economic growth as it represents 20% of GDP, employs about half of the population and contributes, among other things, to the drop in the share of imported products. According to him blockchain would favour the establishment of the cadastre (property register), necessary for agricultural investments and would ensure the trace-ability of the products. As such, the innovative applications of this technology will feed the ecosystem created by the implementation of BRH’s 3 main lines of action. Note that among the many possible applications, the technology in agriculture can solve many problems: secure management of collection, organisation and distribution of information to producers or consumers, transactions, connections between different agricultural domains. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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| parent permlink | blockchain |
| permlink | blockchain-in-the-caribbean-blockchain-tech-helping-agribusiness-in-haiti |
| title | Blockchain in the Caribbean: Blockchain tech helping agribusiness in Haiti |
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"body": "\n\nBlockchain technology is to assist in the development of Haiti’s agribusiness sector! The Bank of the Republic of Haiti (BRH) will utilise the tech in three avenues: the development of the financial market, the financial inclusion and the agenda pro-growth.\n\nJean Baden Dubois, Governor of the BRH stated that agribusiness is an important sector for economic growth as it represents 20% of GDP, employs about half of the population and contributes, among other things, to the drop in the share of imported products. According to him blockchain would favour the establishment of the cadastre (property register), necessary for agricultural investments and would ensure the trace-ability of the products. As such, the innovative applications of this technology will feed the ecosystem created by the implementation of BRH’s 3 main lines of action.\n\nNote that among the many possible applications, the technology in agriculture can solve many problems: secure management of collection, organisation and distribution of information to producers or consumers, transactions, connections between different agricultural domains.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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}aqoompublished a new post: editorial-are-caribbean-islands-ready-to-implement-blockchain2018/10/25 01:03:03
aqoompublished a new post: editorial-are-caribbean-islands-ready-to-implement-blockchain
2018/10/25 01:03:03
| author | aqoom |
| body |  As a Trinidadian national now living in South Korea, and learning about blockchain through my job, I keep thinking that this technology can be quite useful in my Caribbean region. Why? Isn’t the Caribbean just a tourist destination. It is a tourist destination, but there is more that occurs in the region than just holiday packages. There are several sectors at work in these islands: agriculture and fisheries, oil and natural gas exploration, minerals mining, finance, and yes, tourism. For some Caribbean islands (Grenada, Dominica, St.Lucia etc) much of their GDP comes from agriculture, which sadly takes a hit every year during hurricane season. Even US territories in the region such as Puerto Rico experienced devastation during 2017’s hurricane season where there was island wide power outage. Recently, an Australian blockchain power technology provider, Power Ledger, has started working with factories and regulators to help Puerto Rican firms finance so-called microgrid resources such as solar panels and battery storage. It will then use its blockchain tech to allow the companies to trade power from those resources with each other, and to sell supplies to their employees or local communities. Through this exchange, people will be able to buy power in cash, cryptocurrency or — if a company desires— labour. For other islands that are heavily engaged in the financial sector, Bermuda, Cayman islands,Barbados etc, blockchain has been suggested as an avenue to ensure transparency of funds into the islands, and even as a means of boosting dwindling foreign reserves (Barbados’ issue). In order for the Barbadian economy to benefit from blockchain technology, greater emphasis would have to be placed on three key areas — an effective information communication technology infrastructure; a highly skilled work force and the right regulatory environment — which are present in their economy. West Indian scholars have also suggested that the Central Bank of Barbados include digital assets in its reserves. For the other sectors not yet mentioned, I believe that blockchain technology can assist in land settlement disputes for those estates where squatters reside, and minerals tracking in those Caribbean states where gold and diamond mining occur. Also for the travel industry that requires the constant flow of customers’ flight and hotel information, blockchain’s decentralised feature can easily fulfill this need. The Caribbean region is primed for the widespread adoption of blockchain technology in its various sectors. It is my hope that both the governments and private sectors cooperate for this to happen. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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| permlink | editorial-are-caribbean-islands-ready-to-implement-blockchain |
| title | Editorial: Are Caribbean islands ready to implement Blockchain? |
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}aqoomreceived 0.008 SBD, 0.012 SP author reward for @aqoom / blockchain-in-africa-japanese-money-transfer-giant-opens-doorway-to-the-african-market2018/10/24 04:50:09
aqoomreceived 0.008 SBD, 0.012 SP author reward for @aqoom / blockchain-in-africa-japanese-money-transfer-giant-opens-doorway-to-the-african-market
2018/10/24 04:50:09
| author | aqoom |
| permlink | blockchain-in-africa-japanese-money-transfer-giant-opens-doorway-to-the-african-market |
| sbd payout | 0.008 SBD |
| steem payout | 0.000 STEEM |
| vesting payout | 20.176696 VESTS |
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}aqoompublished a new post: crypto-laundering-binance-s-attack-on-white-collar-crime-in-its-platform2018/10/23 09:09:27
aqoompublished a new post: crypto-laundering-binance-s-attack-on-white-collar-crime-in-its-platform
2018/10/23 09:09:27
| author | aqoom |
| body |  For years, cryptocurrency has been linked with money laundering, with some alluding to cryptocoins being the preferred currency of narco and war lords. However, Binance, the world’s largest crypto exchange, has voluntarily engaged in an initiative to eliminate money laundering on its platform. This week, the exchange platform has begun to cooperate with Chainalysis, a leading blockchain analysis company that evaluates suspicious transactions and addresses, to improve its AML system and to further legitimize the cryptocurrency sector. “Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance’s lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions,” Jonathan Levin, co-founder and COO of Chainalysis. In 2018, some of the world’s most influential banks were cracked down for money laundering. Danske Bank laundered $243 billion from criminal groups, and Nordea Bank, the largest financial group in the Scandinavian region, was reported to have illicitly several payments from banks in the Baltic region. With Know Your Customer (KYC) and Anti-Money Laundering (AML) systems integrated by cryptocurrency exchanges, it is extremely difficult for criminals to utilise digital assets to settle the transfer of illegal proceeds. With the institutional market of cryptocurrencies growing exponentially, the tightening of AML systems employed by public exchanges is expected to cement cryptocurrencies as a recognised asset class and the digital asset market as a properly regulated sector. Wei Zhao, the CFO at Binance, said that maintaining the firm’s vision of increasing the worldwide free flow of money, the exchange will continue to adhere to regulatory mandates in the countries where it operates. “By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.” During the 2017 bull market in which the valuation of the cryptocurrency market surged to $800 billion, the asset class obtained significant mainstream awareness in both countries that support crypto and regions that have established impractical regulatory frameworks to prevent local blockchain markets to flourish. In this time when governments are introducing increasing efforts to embrace crypto and blockchain businesses as a part of the 4th industrial revolution, voluntary initiatives by companies like Binance to legitimise the industry will ease governmental process in regulating and acknowledging the global market. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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"body": "\n\nFor years, cryptocurrency has been linked with money laundering, with some alluding to cryptocoins being the preferred currency of narco and war lords.\n\nHowever, Binance, the world’s largest crypto exchange, has voluntarily engaged in an initiative to eliminate money laundering on its platform. This week, the exchange platform has begun to cooperate with Chainalysis, a leading blockchain analysis company that evaluates suspicious transactions and addresses, to improve its AML system and to further legitimize the cryptocurrency sector.\n\n“Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance’s lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions,” Jonathan Levin, co-founder and COO of Chainalysis.\n\nIn 2018, some of the world’s most influential banks were cracked down for money laundering. Danske Bank laundered $243 billion from criminal groups, and Nordea Bank, the largest financial group in the Scandinavian region, was reported to have illicitly several payments from banks in the Baltic region.\n\nWith Know Your Customer (KYC) and Anti-Money Laundering (AML) systems integrated by cryptocurrency exchanges, it is extremely difficult for criminals to utilise digital assets to settle the transfer of illegal proceeds. With the institutional market of cryptocurrencies growing exponentially, the tightening of AML systems employed by public exchanges is expected to cement cryptocurrencies as a recognised asset class and the digital asset market as a properly regulated sector.\n\nWei Zhao, the CFO at Binance, said that maintaining the firm’s vision of increasing the worldwide free flow of money, the exchange will continue to adhere to regulatory mandates in the countries where it operates.\n\n“By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.”\n\nDuring the 2017 bull market in which the valuation of the cryptocurrency market surged to $800 billion, the asset class obtained significant mainstream awareness in both countries that support crypto and regions that have established impractical regulatory frameworks to prevent local blockchain markets to flourish. In this time when governments are introducing increasing efforts to embrace crypto and blockchain businesses as a part of the 4th industrial revolution, voluntary initiatives by companies like Binance to legitimise the industry will ease governmental process in regulating and acknowledging the global market.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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2018/10/23 04:35:09
| author | aqoom |
| body |  Shipping was the first avenue that allowed man to explore his world. This exploration opened up trading, and over the centuries while air and space travel took off, shipping continues to be a main means of commerce for businesses, and an avenue for leisure for individuals. However, when taking into consideration the fragility of record keeping on ships, and the ease with which files can be destroyed or go missing, the impact of this technology in naval matters becomes paramount. According to naval law, the captain’s logbook is a legal document that should not be interfered with. Although forging it would be difficult to conceal, a skilled person can make modifications in the book, or easily tear out the pages they wish to remove — making that information lost forever. Another instance when information can be lost is if the ship were to sink with no crew member able to retrieve the log books ahead of time. Blockchain technology can help solve these centuries old issues. Because blockchain is essentially a distributed ledger system, all of the ship’s files can be copied and stored on multiple worldwide servers via the vessel’s computational device that accesses the internet through satellite. Each entry will be verifiable by the captain’s digital signature. To prevent information going missing, the logbook servers are kept in constant communication with each other to synchronise the logbooks’ content. The servers close a page in the ship’s logbook (the equivalent of a ‘block’) if a majority of them agree that they hold identical copies. Diverging copies are disregarded. An encrypted checksum of the verified ‘block’ page is computed, so that later alterations can be detected. Afterwards, a link to the following page is added as the ‘chain’ of ‘blocks’ grows. By doing this, record keeping is kept generally indestructable, save for a worldwide disaster. Hydrography is the science of the measurement, description, and mapping of the surface waters of the earth, with special reference to their use for navigation. In the last quarter of 2017, the Caribbean Sea was devastated by two major hurricanes (Irma and Maria), which brought hydrography studies to an intersecting point. Until presently, it was difficult to assess a chart’s reliability, and one had to depend on the word of the Hydrographic Offices (the reliability diagrams for example) or of a chartmaker in general. Compiling a chart using blockchain will lay open the originator of the survey data which went into the chart, its time stamp, the identity of the chart compiler, and the means of the generalisation used. Mariners will be able to check the reliability and usability of any chart, whether produced by the HOs or by private entities, and chose one that is most accurate and appropriate for their needs. In addition, it is to be expected that independent, private chartmakers will adopt this technology much faster than the HOs. This will create a completely new situation by making commercial charts certifiable and classifiable. In closing, to make the switch from present-day record keeping to DLT is a costly and one that require trust among all parties involved (publicly accountable bodies, private organisations and naval staffs). But, the technology offers a way forward for a revamping of the profession of private chartmakers working alongside HOs who are free to join the effort on the same basis. This spells great benefits to international shipping. Navigators, captains and pilots will be able to use the best nautical data available, no matter whether it is of ‘official’ or ‘private’ origin. After all, the end goal is the reliability and accuracy of nautical information which can help save lives and cargo. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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| permlink | blockchain-charting-the-seas-how-the-technology-is-impacting-navigation-and-hydrography |
| title | Blockchain Charting The Seas: how the technology is impacting navigation and hydrography. |
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"body": "\n\nShipping was the first avenue that allowed man to explore his world. This exploration opened up trading, and over the centuries while air and space travel took off, shipping continues to be a main means of commerce for businesses, and an avenue for leisure for individuals. However, when taking into consideration the fragility of record keeping on ships, and the ease with which files can be destroyed or go missing, the impact of this technology in naval matters becomes paramount.\n\nAccording to naval law, the captain’s logbook is a legal document that should not be interfered with. Although forging it would be difficult to conceal, a skilled person can make modifications in the book, or easily tear out the pages they wish to remove — making that information lost forever. Another instance when information can be lost is if the ship were to sink with no crew member able to retrieve the log books ahead of time. Blockchain technology can help solve these centuries old issues.\n\nBecause blockchain is essentially a distributed ledger system, all of the ship’s files can be copied and stored on multiple worldwide servers via the vessel’s computational device that accesses the internet through satellite. Each entry will be verifiable by the captain’s digital signature.\n\nTo prevent information going missing, the logbook servers are kept in constant communication with each other to synchronise the logbooks’ content. The servers close a page in the ship’s logbook (the equivalent of a ‘block’) if a majority of them agree that they hold identical copies. Diverging copies are disregarded. An encrypted checksum of the verified ‘block’ page is computed, so that later alterations can be detected. Afterwards, a link to the following page is added as the ‘chain’ of ‘blocks’ grows.\n\nBy doing this, record keeping is kept generally indestructable, save for a worldwide disaster.\n\nHydrography is the science of the measurement, description, and mapping of the surface waters of the earth, with special reference to their use for navigation. In the last quarter of 2017, the Caribbean Sea was devastated by two major hurricanes (Irma and Maria), which brought hydrography studies to an intersecting point. Until presently, it was difficult to assess a chart’s reliability, and one had to depend on the word of the Hydrographic Offices (the reliability diagrams for example) or of a chartmaker in general.\n\nCompiling a chart using blockchain will lay open the originator of the survey data which went into the chart, its time stamp, the identity of the chart compiler, and the means of the generalisation used. Mariners will be able to check the reliability and usability of any chart, whether produced by the HOs or by private entities, and chose one that is most accurate and appropriate for their needs. In addition, it is to be expected that independent, private chartmakers will adopt this technology much faster than the HOs. This will create a completely new situation by making commercial charts certifiable and classifiable.\n\nIn closing, to make the switch from present-day record keeping to DLT is a costly and one that require trust among all parties involved (publicly accountable bodies, private organisations and naval staffs). But, the technology offers a way forward for a revamping of the profession of private chartmakers working alongside HOs who are free to join the effort on the same basis. This spells great benefits to international shipping. Navigators, captains and pilots will be able to use the best nautical data available, no matter whether it is of ‘official’ or ‘private’ origin. After all, the end goal is the reliability and accuracy of nautical information which can help save lives and cargo.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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2018/10/22 03:50:12
| author | aqoom |
| body |  In a continent known for its issues with ethically sourced minerals, the Rwandan government has started the world’s first blockchain initiative to track tantalum from the ground to refinery. This is part of a drive to encourage investor funds into supporting conflict-free mineral sources. Tantalum is a mineral used in manufacturing mobile phones, among other uses. In recent times the government of the Democratic Republic of Congo has alleged that the mineral has been mixed with other smuggled minerals that are being used to fuel conflict in the DRC. As such, the initiative’s goal is to implement the use of blockchain technology to track tantalum from excavation to the refining stage. Mining companies, which increasingly struggle to gain investor confidence as the pursuit of opportunities drives them into high-risk territory, are exploring the potential of blockchain to mitigate any dangers. Rwandan officials say it was vital for Rwanda to prove it was a conflict-free source of tantalum. “Rwanda has demonstrated without a doubt that the minerals coming from Rwanda are conflict-free and that’s not questionable whatsoever. But now what we are looking at is how to continue to demonstrate that with the solution that is cost effective and efficient, that is adopting also modern technologies that are consistent with how the rest of the world are doing this, said Francis Gatare, Chief Executive of Rwanda’s Mines, Petroleum and Gas Board. Circulor, a British start-up specialised in blockchain, and Power Resources Group (PRG) have developed a system using GPS tracking and facial recognition to help prevent any corruption of the system. It also compares the amount of each batch of material put into a refinery from sealed bags with the end product. “…security tags are put on bags of material, and those security tags are created by the company themselves, it’s free. But the security tag is created only for particular point in the life cycle, so in this case these tags have been created for this particular mine site and can only be used here. So the only point where they can be added to the block chain is here at the mine site where they they were intended for,” said Douglas Johnson Poengsen, CEO and founder of Circulor system. He intends for the blockchain platform to empower consumers’ understanding of where the materials in the products they buy come from and also make it harder for materials that are not ethically sourced to pass through the supply chain. Despite the advantages the project promises, some critics of blockchain tech say, like any other monitoring system, it is only as good as the data entered into it. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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| permlink | blockchain-minerals-how-rwanda-is-utilising-blockchain-for-its-tantalum-supply-chain |
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"body": "\n\nIn a continent known for its issues with ethically sourced minerals, the Rwandan government has started the world’s first blockchain initiative to track tantalum from the ground to refinery. This is part of a drive to encourage investor funds into supporting conflict-free mineral sources.\n\nTantalum is a mineral used in manufacturing mobile phones, among other uses. In recent times the government of the Democratic Republic of Congo has alleged that the mineral has been mixed with other smuggled minerals that are being used to fuel conflict in the DRC. As such, the initiative’s goal is to implement the use of blockchain technology to track tantalum from excavation to the refining stage.\n\nMining companies, which increasingly struggle to gain investor confidence as the pursuit of opportunities drives them into high-risk territory, are exploring the potential of blockchain to mitigate any dangers. Rwandan officials say it was vital for Rwanda to prove it was a conflict-free source of tantalum.\n\n“Rwanda has demonstrated without a doubt that the minerals coming from Rwanda are conflict-free and that’s not questionable whatsoever. But now what we are looking at is how to continue to demonstrate that with the solution that is cost effective and efficient, that is adopting also modern technologies that are consistent with how the rest of the world are doing this, said Francis Gatare, Chief Executive of Rwanda’s Mines, Petroleum and Gas Board.\n\nCirculor, a British start-up specialised in blockchain, and Power Resources Group (PRG) have developed a system using GPS tracking and facial recognition to help prevent any corruption of the system. It also compares the amount of each batch of material put into a refinery from sealed bags with the end product.\n\n“…security tags are put on bags of material, and those security tags are created by the company themselves, it’s free. But the security tag is created only for particular point in the life cycle, so in this case these tags have been created for this particular mine site and can only be used here. So the only point where they can be added to the block chain is here at the mine site where they they were intended for,” said Douglas Johnson Poengsen, CEO and founder of Circulor system. He intends for the blockchain platform to empower consumers’ understanding of where the materials in the products they buy come from and also make it harder for materials that are not ethically sourced to pass through the supply chain.\n\nDespite the advantages the project promises, some critics of blockchain tech say, like any other monitoring system, it is only as good as the data entered into it.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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2018/10/19 04:32:03
| author | aqoom |
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2018/10/19 04:20:24
| author | cheetah |
| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://www.aljazeera.com/news/2018/02/venezuela-petro-cryptocurrency-180219065112440.html |
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2018/10/19 04:20:18
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}aqoompublished a new post: update-on-cryptocurrency-in-venezuela-el-petro-pre-sale-officially-launched2018/10/19 04:20:09
aqoompublished a new post: update-on-cryptocurrency-in-venezuela-el-petro-pre-sale-officially-launched
2018/10/19 04:20:09
| author | aqoom |
| body |  Last week we published an article on Bitcoin’s trading volume reaching new highs amidst the massive fall in the Bolivar’s value. This week, Venezuelan President, Nicolas Maduro, stated that there will be a pre-sale of the Petro digital currency. According to Maduro, Petro raised $735m in its first pre-sale day, with the currency being backed by oil, gas, gold and diamonds. The currency is meant to help overcome sanctions by the US and EU. Petros will be “pre-mined”, meaning the government would produce and control it. Venezuela has allocated five billion barrels of oil to back the new digital currency, which will be tied to the cost of a barrel of Venezuelan oil. Initially, the petro will be sold in hard currency and other cryptocurrencies, not in the local bolivar currency. “The presale and initial offer will be made in hard currencies and in cryptocurrencies,” Carlos Vargas, the government cryptocurrency superintendent, told state television earlier this year. Vargas also said that after the initial sale, the petro could be sold in exchange for the bolivar. Each petro will be backed by a barrel of oil and will be sold at the same price, according to the government. Prior to the launch, government advisers recommended that 38.4 percent of the petros should be sold in a pre-sale private auction at a discount of 60%. The cryptocurrency superintendent said that each petro could be exchanged through the virtual exchange houses, “but in addition to that, there will be many merchants providing goods and services where you can go with your petro or any crypto currency to exchange it for a service”. With the surrounding hype, the question of whether the Petro will help Venezuela out of its economic crisis still looms. At current prices ($62 a barrel) 100 million petros could help raise around $6bn. The government argues this could help Venezuela pay part of the country’s obligations. The Venezuelan Minister of Foreign Trade, Jose Vielma Mora, announced that Venezuela would pay for imports from Brazil using the Petro cryptocurrency. as a group of Brazilian companies have agreed to receive payment for the sale of food to Venezuela, through petro, starting on February 20, when the pre-sale of the cryptocurrency commences. Some parties, however, are against the launch of the digital currency. The opposition-controlled National Assembly has opposed the idea of the petro, calling it illegal. US President Donald Trump signed an executive order barring any US-based financial transactions involving Venezuela’s new Petro cryptocurrency, as US officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in the OPEC country. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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"body": "\n\nLast week we published an article on Bitcoin’s trading volume reaching new highs amidst the massive fall in the Bolivar’s value.\n\nThis week, Venezuelan President, Nicolas Maduro, stated that there will be a pre-sale of the Petro digital currency. According to Maduro, Petro raised $735m in its first pre-sale day, with the currency being backed by oil, gas, gold and diamonds. The currency is meant to help overcome sanctions by the US and EU.\n\nPetros will be “pre-mined”, meaning the government would produce and control it. Venezuela has allocated five billion barrels of oil to back the new digital currency, which will be tied to the cost of a barrel of Venezuelan oil.\n\nInitially, the petro will be sold in hard currency and other cryptocurrencies, not in the local bolivar currency.\n\n“The presale and initial offer will be made in hard currencies and in cryptocurrencies,” Carlos Vargas, the government cryptocurrency superintendent, told state television earlier this year. Vargas also said that after the initial sale, the petro could be sold in exchange for the bolivar.\n\nEach petro will be backed by a barrel of oil and will be sold at the same price, according to the government. Prior to the launch, government advisers recommended that 38.4 percent of the petros should be sold in a pre-sale private auction at a discount of 60%. The cryptocurrency superintendent said that each petro could be exchanged through the virtual exchange houses,\n\n“but in addition to that, there will be many merchants providing goods and services where you can go with your petro or any crypto currency to exchange it for a service”.\n\nWith the surrounding hype, the question of whether the Petro will help Venezuela out of its economic crisis still looms. At current prices ($62 a barrel) 100 million petros could help raise around $6bn. The government argues this could help Venezuela pay part of the country’s obligations.\n\nThe Venezuelan Minister of Foreign Trade, Jose Vielma Mora, announced that Venezuela would pay for imports from Brazil using the Petro cryptocurrency. as a group of Brazilian companies have agreed to receive payment for the sale of food to Venezuela, through petro, starting on February 20, when the pre-sale of the cryptocurrency commences.\n\nSome parties, however, are against the launch of the digital currency. The opposition-controlled National Assembly has opposed the idea of the petro, calling it illegal. US President Donald Trump signed an executive order barring any US-based financial transactions involving Venezuela’s new Petro cryptocurrency, as US officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in the OPEC country.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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}aqoompublished a new post: from-farm-to-plate-how-blockchain-is-revolutionising-the-agro-sector2018/10/19 04:14:48
aqoompublished a new post: from-farm-to-plate-how-blockchain-is-revolutionising-the-agro-sector
2018/10/19 04:14:48
| author | aqoom |
| body |  Supply chains have been one of the most sought after areas for blockchain developers and enthusiasts to delve into, as the current system is plagued by a variety of problems, from antiquated record keeping to ethical malpractice. When one takes into consideration the various channels through which agricultural produce comes to local supermarkets from unknown farm lands, it can be understood the volume of data this process generates; which is spread across multiple silos thereby making finding answers difficult. Not having a comprehensive picture of the supply chain means that buyers and sellers are often not optimally organised and leads to significant inefficiency — in the form of food waste, for example. In 2011 a UN survey found that approximately 1/3 of all food produced globally is wasted, this wasted food in Sub-Saharan Africa alone would be sufficient to feed 300 million people, and the total cost of this lost food is 1 trillion dollars. Other information found in the survey were a lack of transparency in production practices, falsified labelling (non-organic food being labelled as organic), forced labour, and food safety and inefficiencies in distribution. Blockchain projects such as Agunity’s Agriledger, Provenance, OriginTrail, Ripe.io, and Blockgrain are working to provide solutions to the issues of untraceability and fragmentation of supply chain information. Ultimately, they hope to create a secure, easily audit-able system that can reduce unnecessary paperwork and improve efficiencies in the verification of processes and transactions. In addition, projects like Provenance, which is basing most of its business model on increased demand for organic, ethically-sourced food examines the question of how genuine those stickers which state “Fair Trade” or “Cruelty Free” really are. They have successfully run an impressive number of pilot programmes, with one of their most successful projects being tracking fish from Indonesia. The process was simplified to the point that fishermen could log their catches on the blockchain via SMS, with each batch then being tracked through processing and distribution, all the way to the store. With all the steps involved, one of the clear issues here is how many sensors would be required and how exactly the food would be tracked, but at least permissioned blockchains make using fast consensus systems, like Raft, possible. Blockchain technology is not a magic bullet — despite its revolutionary nature, it will still leave industries with some issues. Interoperability remains a concern, with so many competing projects coming from multiple angles, and the implementation process is not going to be a stroll along the boardwalk. Many of the projects depend on an array of sensors and tagging technologies that may not be in place yet, and that is not going to make it any easier for farmers and the subsequent parties along the supply chain to get this system off the ground. That being said, there are several companies and platforms working in this sector that it seems inevitable that agriculture will ultimately end up using blockchains in one form or another. While they may start small, with individual cases and on local levels, it may end up being exactly what the industry needs, since parts of the supply chains seem to have skipped over a few key parts of the internet era up until now. Ultimately, the measure of blockchain’s success is how much good it can do, and ideally, it will contribute to a more food-secure, efficient world. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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| permlink | from-farm-to-plate-how-blockchain-is-revolutionising-the-agro-sector |
| title | From farm to plate: how blockchain is revolutionising the agro sector. |
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"body": "\n\nSupply chains have been one of the most sought after areas for blockchain developers and enthusiasts to delve into, as the current system is plagued by a variety of problems, from antiquated record keeping to ethical malpractice.\n\nWhen one takes into consideration the various channels through which agricultural produce comes to local supermarkets from unknown farm lands, it can be understood the volume of data this process generates; which is spread across multiple silos thereby making finding answers difficult. Not having a comprehensive picture of the supply chain means that buyers and sellers are often not optimally organised and leads to significant inefficiency — in the form of food waste, for example.\n\nIn 2011 a UN survey found that approximately 1/3 of all food produced globally is wasted, this wasted food in Sub-Saharan Africa alone would be sufficient to feed 300 million people, and the total cost of this lost food is 1 trillion dollars. Other information found in the survey were a lack of transparency in production practices, falsified labelling (non-organic food being labelled as organic), forced labour, and food safety and inefficiencies in distribution.\n\nBlockchain projects such as Agunity’s Agriledger, Provenance, OriginTrail, Ripe.io, and Blockgrain are working to provide solutions to the issues of untraceability and fragmentation of supply chain information. Ultimately, they hope to create a secure, easily audit-able system that can reduce unnecessary paperwork and improve efficiencies in the verification of processes and transactions.\n\nIn addition, projects like Provenance, which is basing most of its business model on increased demand for organic, ethically-sourced food examines the question of how genuine those stickers which state “Fair Trade” or “Cruelty Free” really are. They have successfully run an impressive number of pilot programmes, with one of their most successful projects being tracking fish from Indonesia. The process was simplified to the point that fishermen could log their catches on the blockchain via SMS, with each batch then being tracked through processing and distribution, all the way to the store. With all the steps involved, one of the clear issues here is how many sensors would be required and how exactly the food would be tracked, but at least permissioned blockchains make using fast consensus systems, like Raft, possible.\n\nBlockchain technology is not a magic bullet — despite its revolutionary nature, it will still leave industries with some issues. Interoperability remains a concern, with so many competing projects coming from multiple angles, and the implementation process is not going to be a stroll along the boardwalk. Many of the projects depend on an array of sensors and tagging technologies that may not be in place yet, and that is not going to make it any easier for farmers and the subsequent parties along the supply chain to get this system off the ground.\n\nThat being said, there are several companies and platforms working in this sector that it seems inevitable that agriculture will ultimately end up using blockchains in one form or another. While they may start small, with individual cases and on local levels, it may end up being exactly what the industry needs, since parts of the supply chains seem to have skipped over a few key parts of the internet era up until now. Ultimately, the measure of blockchain’s success is how much good it can do, and ideally, it will contribute to a more food-secure, efficient world.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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2018/10/19 04:04:18
| author | cheetah |
| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://cointelegraph.com/news/global-security-firm-g4s-announces-high-security-vault-storage-for-holding-crypto |
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2018/10/19 04:04:15
| author | aqoom |
| permlink | u-k-based-multinational-security-firm-to-introduce-crypto-vaults |
| voter | cheetah |
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aqoompublished a new post: u-k-based-multinational-security-firm-to-introduce-crypto-vaults
2018/10/19 04:04:06
| author | aqoom |
| body |  G4S, formerly Group 4 Securicor, has created a new service for protecting cryptocurrency assets, the firm announced in an official press release Thursday, Oct. 18. The report has touted the service as an “innovative security solution” for holding crypto assets in a form of high-security offline storage protecting customers from hacks. G4S also runs both prisons and detention centers, as well as stores cash for “large companies,” the Financial Times notes. According to the senior risk analyst at G4S Consulting Dominic Maciver, the new crypto assets security solution is based on a foundation of “vault storage” that is inaccessible for cyber criminals and hackers, and armed robbers alike. Maciver explained that the new security solution not only puts crypto assets in a cold storage, but also distributes them into independent components placed securely in the system’s security vaults: “We not only take the assets offline, but break them up into fragments that are independently without value and store them securely in our high security vaults, out of reach of cyber criminals and armed robbers alike.” The press release stresses the nascent character of cryptocurrency assets, when compared with the conventional fiat money system. According to Maciver, the cryptocurrency industry has attracted the usual threats that exist in traditional financial systems, such as “robbers, scammers, market manipulators,” and others. The analyst noted that despite the fact that many early adopters have made great effort to protect this “immature” field, holding cryptocurrency assets is still risky for a number of reasons. Given both the immaturity of the industry and special requirements of exchanges, the crypto industry is at risk of being a “prime target for hackers and other criminals,” the statement says. With the latest incidents of hacked cryptocurrency, this could be a welcome solution to digital crime. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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"body": "\n\nG4S, formerly Group 4 Securicor, has created a new service for protecting cryptocurrency assets, the firm announced in an official press release Thursday, Oct. 18.\n\nThe report has touted the service as an “innovative security solution” for holding crypto assets in a form of high-security offline storage protecting customers from hacks. G4S also runs both prisons and detention centers, as well as stores cash for “large companies,” the Financial Times notes. According to the senior risk analyst at G4S Consulting Dominic Maciver, the new crypto assets security solution is based on a foundation of “vault storage” that is inaccessible for cyber criminals and hackers, and armed robbers alike.\n\nMaciver explained that the new security solution not only puts crypto assets in a cold storage, but also distributes them into independent components placed securely in the system’s security vaults:\n\n“We not only take the assets offline, but break them up into fragments that are independently without value and store them securely in our high security vaults, out of reach of cyber criminals and armed robbers alike.”\n\nThe press release stresses the nascent character of cryptocurrency assets, when compared with the conventional fiat money system. According to Maciver, the cryptocurrency industry has attracted the usual threats that exist in traditional financial systems, such as “robbers, scammers, market manipulators,” and others.\n\nThe analyst noted that despite the fact that many early adopters have made great effort to protect this “immature” field, holding cryptocurrency assets is still risky for a number of reasons. Given both the immaturity of the industry and special requirements of exchanges, the crypto industry is at risk of being a “prime target for hackers and other criminals,” the statement says.\n\nWith the latest incidents of hacked cryptocurrency, this could be a welcome solution to digital crime.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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2018/10/19 03:55:24
| author | cheetah |
| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://irishtechnews.ie/why-blockchain-is-revolutionizing-medicine/ |
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| parent permlink | dr-blockchain-how-the-technology-is-revolutionising-the-medical-sector |
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2018/10/19 03:55:21
| author | aqoom |
| permlink | dr-blockchain-how-the-technology-is-revolutionising-the-medical-sector |
| voter | cheetah |
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}aqoompublished a new post: dr-blockchain-how-the-technology-is-revolutionising-the-medical-sector2018/10/19 03:55:12
aqoompublished a new post: dr-blockchain-how-the-technology-is-revolutionising-the-medical-sector
2018/10/19 03:55:12
| author | aqoom |
| body |  The medical field is data-rich. From patients’ personal records to research on various diseases, the medical sector contains volumes of data both on paper and digitally. However, there are problems attached to the present system of medical record keeping. In cases of war or the internal displacement of citizens, medical files can understandably become lost or destroyed. The problem arises when these same people visit the hospital for treatment and due to the loss of records, they can be given treatment that they are allergic to, such as penicillin etc. By utilising blockchain in this sector, the following solutions can emerge: easier exchange of medical files between hospitals. When files are stored on the blockchain, it becomes unnecessarily mandatory for persons to visit their usual hospital or health clinic for treatment. This works well for persons who are constant travellers, or for refugees. Another solution is the administering of correct medicine. The industry estimates that about $300 billion is spent yearly on ineffective medicines which do not provide the expected benefits or cause dangerous side effects. Blockchain technology with its security infrastructure is perfect for unhindered data exchange in healthcare. It can promote innovation in medical research and the carrying out of larger population studies. As pharmaceutical companies focus on precision medicine, the invariability of records based on blockchain can facilitate interaction between doctors, researchers and patients. Lastly, blockchain can provide an economic solution to the industry. Blockchain automates transaction services within business processes, for example, claims processing, account management, medicine supply etc. Decentralisation of blockchain makes it easier to build commercial relationships and provides new opportunities for promoting models of providing assistance that help to save billion dollars for healthcare sphere. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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| parent permlink | medical |
| permlink | dr-blockchain-how-the-technology-is-revolutionising-the-medical-sector |
| title | Dr. Blockchain: how the technology is revolutionising the medical sector. |
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"body": "\n\nThe medical field is data-rich. From patients’ personal records to research on various diseases, the medical sector contains volumes of data both on paper and digitally. However, there are problems attached to the present system of medical record keeping.\n\nIn cases of war or the internal displacement of citizens, medical files can understandably become lost or destroyed. The problem arises when these same people visit the hospital for treatment and due to the loss of records, they can be given treatment that they are allergic to, such as penicillin etc.\n\nBy utilising blockchain in this sector, the following solutions can emerge: easier exchange of medical files between hospitals. When files are stored on the blockchain, it becomes unnecessarily mandatory for persons to visit their usual hospital or health clinic for treatment. This works well for persons who are constant travellers, or for refugees.\n\nAnother solution is the administering of correct medicine. The industry estimates that about $300 billion is spent yearly on ineffective medicines which do not provide the expected benefits or cause dangerous side effects. Blockchain technology with its security infrastructure is perfect for unhindered data exchange in healthcare. It can promote innovation in medical research and the carrying out of larger population studies. As pharmaceutical companies focus on precision medicine, the invariability of records based on blockchain can facilitate interaction between doctors, researchers and patients.\n\nLastly, blockchain can provide an economic solution to the industry. Blockchain automates transaction services within business processes, for example, claims processing, account management, medicine supply etc. Decentralisation of blockchain makes it easier to build commercial relationships and provides new opportunities for promoting models of providing assistance that help to save billion dollars for healthcare sphere.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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}2018/10/18 15:52:27
2018/10/18 15:52:27
| author | steemitboard |
| body | Congratulations @aqoom! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) : [](http://steemitboard.com/@aqoom) Award for the number of posts published [](http://steemitboard.com/@aqoom) Award for the number of upvotes received <sub>_Click on the badge to view your Board of Honor._</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-steem-power-followers-and-following-added"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmfRVpHQhLDhnjDtqck8GPv9NPvNKPfMsDaAFDE1D9Er2Z/header_ranking.png"></a></td><td><a href="https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-steem-power-followers-and-following-added">SteemitBoard Ranking update - Steem Power, Followers and Following added</a></td></tr></table> > Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**! |
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| parent permlink | blockchain-fighting-against-corruption |
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"body": "Congratulations @aqoom! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :\n\n[](http://steemitboard.com/@aqoom) Award for the number of posts published\n[](http://steemitboard.com/@aqoom) Award for the number of upvotes received\n\n<sub>_Click on the badge to view your Board of Honor._</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-steem-power-followers-and-following-added\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmfRVpHQhLDhnjDtqck8GPv9NPvNKPfMsDaAFDE1D9Er2Z/header_ranking.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-steem-power-followers-and-following-added\">SteemitBoard Ranking update - Steem Power, Followers and Following added</a></td></tr></table>\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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}minnowboostersent 0.001 SBD to @aqoom- "Congrats! You have been accepted to the @minnowbooster Community driven Whitelist. You now have access to some nice perks, such as bigger upvote limits and the potential to earn bonus payments! Want t..."2018/10/18 13:13:03
minnowboostersent 0.001 SBD to @aqoom- "Congrats! You have been accepted to the @minnowbooster Community driven Whitelist. You now have access to some nice perks, such as bigger upvote limits and the potential to earn bonus payments! Want t..."
2018/10/18 13:13:03
| amount | 0.001 SBD |
| from | minnowbooster |
| memo | Congrats! You have been accepted to the @minnowbooster Community driven Whitelist. You now have access to some nice perks, such as bigger upvote limits and the potential to earn bonus payments! Want to contribute? Click here: https://www.minnowbooster.net/whitelist |
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}mistercupvoted (100.00%) @aqoom / blockchain-fighting-against-corruption2018/10/17 09:50:30
mistercupvoted (100.00%) @aqoom / blockchain-fighting-against-corruption
2018/10/17 09:50:30
| author | aqoom |
| permlink | blockchain-fighting-against-corruption |
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}syaerifupvoted (100.00%) @aqoom / personal-data-empowerment-through-blockchain-in-india2018/10/17 09:44:54
syaerifupvoted (100.00%) @aqoom / personal-data-empowerment-through-blockchain-in-india
2018/10/17 09:44:54
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}syaerifupvoted (100.00%) @aqoom / blockchain-fighting-against-corruption2018/10/17 09:44:12
syaerifupvoted (100.00%) @aqoom / blockchain-fighting-against-corruption
2018/10/17 09:44:12
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}2018/10/17 09:42:30
2018/10/17 09:42:30
| author | cheetah |
| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://www.firstpost.com/tech/news-analysis/blockchain-can-be-used-to-fight-corruption-increase-transparency-in-govt-projects-4664681.html |
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}cheetahupvoted (0.08%) @aqoom / blockchain-fighting-against-corruption2018/10/17 09:42:27
cheetahupvoted (0.08%) @aqoom / blockchain-fighting-against-corruption
2018/10/17 09:42:27
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}aqoompublished a new post: blockchain-fighting-against-corruption2018/10/17 09:42:18
aqoompublished a new post: blockchain-fighting-against-corruption
2018/10/17 09:42:18
| author | aqoom |
| body |  What if there was a platform that does not allow for changes to be made to one’s information, once entered, verified and uploaded? This would mean greater online security as personal financial, educational, career information etc cannot be tampered with nor erased by nefarious persons. Blockchain, a term often associated with the elusive cryptocurrency world, may have the answer to national problems where large sums of money spent by the government for citizen’s welfare are lost due to leakages in the system, thereby causing a select few to benefit from the public purse. The encryption-based technology can change that by bringing in transparency and creating a money trail. This is more than mere possibilities, several countries have already started testing it out. One can argue that there is no benefit to investing in a new, slowly adopted technology to fight corruption. However, unlike traditional transaction mechanism where one central authority maintains a record of transactions, data on the blockchain is stored in encrypted blocks that are managed by a decentralised global computer network. Essentially, this structure renders the data unalterable. Corruption takes place when power is concentrated in the hands of a few and when there is a lack of accountability. Once things are transparent and there is no scope for altering transaction records, it will become practically impossible for someone to manipulate the system without getting caught. Blockchain not only elevates transparency between the government, research organisations, and the public but also increases security. The permanent record of the flow of funds created through blockchain can easily be audited from anywhere by anyone. Additionally, with blockchain technology, citizens will know that what they are seeing is accurate and not fake messaging which is often spread through digital channels. Some countries have already begun using blockchain to promote transparency towards their citizens. Australia has started using blockchain to clear and settle trades on its stock exchange, becoming the first nation to have a blockchain-based stock exchange. Meanwhile, Estonia is exploring ways to use blockchain to support its e-residency programme and is even considering the possibility of creating its own cryptocurrency. Despite the newness of blockchain’s adoption, it is certain that in today’s social climate of anarchism and corruption awareness, blockchain’s features are a welcome change to database distribution. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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"body": "\n\nWhat if there was a platform that does not allow for changes to be made to one’s information, once entered, verified and uploaded? This would mean greater online security as personal financial, educational, career information etc cannot be tampered with nor erased by nefarious persons.\n\nBlockchain, a term often associated with the elusive cryptocurrency world, may have the answer to national problems where large sums of money spent by the government for citizen’s welfare are lost due to leakages in the system, thereby causing a select few to benefit from the public purse. The encryption-based technology can change that by bringing in transparency and creating a money trail. This is more than mere possibilities, several countries have already started testing it out.\n\nOne can argue that there is no benefit to investing in a new, slowly adopted technology to fight corruption. However, unlike traditional transaction mechanism where one central authority maintains a record of transactions, data on the blockchain is stored in encrypted blocks that are managed by a decentralised global computer network. Essentially, this structure renders the data unalterable.\n\nCorruption takes place when power is concentrated in the hands of a few and when there is a lack of accountability. Once things are transparent and there is no scope for altering transaction records, it will become practically impossible for someone to manipulate the system without getting caught.\n\nBlockchain not only elevates transparency between the government, research organisations, and the public but also increases security. The permanent record of the flow of funds created through blockchain can easily be audited from anywhere by anyone. Additionally, with blockchain technology, citizens will know that what they are seeing is accurate and not fake messaging which is often spread through digital channels.\n\nSome countries have already begun using blockchain to promote transparency towards their citizens. Australia has started using blockchain to clear and settle trades on its stock exchange, becoming the first nation to have a blockchain-based stock exchange. Meanwhile, Estonia is exploring ways to use blockchain to support its e-residency programme and is even considering the possibility of creating its own cryptocurrency.\n\nDespite the newness of blockchain’s adoption, it is certain that in today’s social climate of anarchism and corruption awareness, blockchain’s features are a welcome change to database distribution.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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2018/10/17 09:36:12
| author | cheetah |
| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://www.ndtv.com/india-news/why-these-rural-women-in-rajasthan-want-aadhaar-1686924 |
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}cheetahupvoted (0.08%) @aqoom / personal-data-empowerment-through-blockchain-in-india2018/10/17 09:36:09
cheetahupvoted (0.08%) @aqoom / personal-data-empowerment-through-blockchain-in-india
2018/10/17 09:36:09
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}aqoompublished a new post: personal-data-empowerment-through-blockchain-in-india2018/10/17 09:36:00
aqoompublished a new post: personal-data-empowerment-through-blockchain-in-india
2018/10/17 09:36:00
| author | aqoom |
| body |  Para village, Rajasthan is among the first few states in India that has become almost completely online for the transfer of social security benefits to the poor by linking them with the Aadhaar card and then its own unique card, called Bhamashah. The Bhamashah card is like a social welfare single window card made in the name of the household’s matriarch. All rations, healthcare and welfare schemes by the state government are delivered through the Bhamashah card while the Aadhar’s UID number, linked to the beneficiary’s bank account, is used for online transfer of money for all central welfare schemes. These online transfers are, however, doing more than eliminating the middlemen. They are giving the poor, especially rural women, a sense of dignity and self-respect. One Rajasthan resident, Shanti Devi’s husband, has been crippled for 15 years. Her family in Ajmer’s Para village has only four acres of land and three goats. She depends largely on wages earned through MNREGA and a Rs. 500 old age pension every month to survive. In previous times, the postman would come to her door and give her pension to any family member available. Now, that has changed. Old age pension for women like Ms Devi is now directly transferred into their accounts using the Aadhar card. “Earlier we would never know when our pension arrived. If we were not at home they would give it to our son or our daughter-in-law but now I can withdraw the cash Rs. 100 or 200. If my daughter comes home I can offer her a cup of tea from my money,” says Ms Devi, who now has a say in how her money is to be spent. Other women like her, old and vulnerable, have a new-found sense of dignity and self-respect. Kailashi Ram Gopal, a widow adds, “Earlier if a poor woman received money like me, some drunkard or somebody in the family would extract the money from her, but now it can only be taken from the bank and without a card and a finger print, nobody can take it out of your bank, so the money is ours.” However, it is not just pensions and rations, the online transfer of money is also assisting doctors’ work towards improving health indices in rural Rajasthan. At the primary health centre in Para village, linking institutional deliveries to the Aadhar card is helping the government monitor maternal health. Women are given Rs. 1,400 after delivery under the Janani Suraksha Yojana, a central government scheme. But doctors say the mother has to stay at the health centre for 48 hours to be eligible for the payment. Those 48 hours after birth are crucial to prevent both mother and infant mortality. “Patients are not given cash or cheques, the money is transferred online to their accounts before they leave the hospital,” said Dr Kaislash Chand Mittal, the Chief Medical and Health Officer in Kekdi Block. The women and their newborns will also be tracked for vaccinations and to ensure their children are enrolled in schools, there are financial incentives at each stage — all transferred online into the mother’s account. Nearly five families have been linked with the Bhamashah card in Rajasthan and the Aadhar coverage is almost 80% in the state. But there are drawbacks, mainly with the link to bank accounts as more than half of the state’s population is yet to be linked to formal banking. Time will tell the success of this endeavour in not only Rajasthan, but in Indian society as a whole. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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"body": "\n\nPara village, Rajasthan is among the first few states in India that has become almost completely online for the transfer of social security benefits to the poor by linking them with the Aadhaar card and then its own unique card, called Bhamashah.\n\nThe Bhamashah card is like a social welfare single window card made in the name of the household’s matriarch. All rations, healthcare and welfare schemes by the state government are delivered through the Bhamashah card while the Aadhar’s UID number, linked to the beneficiary’s bank account, is used for online transfer of money for all central welfare schemes.\n\nThese online transfers are, however, doing more than eliminating the middlemen. They are giving the poor, especially rural women, a sense of dignity and self-respect. One Rajasthan resident, Shanti Devi’s husband, has been crippled for 15 years. Her family in Ajmer’s Para village has only four acres of land and three goats. She depends largely on wages earned through MNREGA and a Rs. 500 old age pension every month to survive.\n\nIn previous times, the postman would come to her door and give her pension to any family member available. Now, that has changed. Old age pension for women like Ms Devi is now directly transferred into their accounts using the Aadhar card.\n\n“Earlier we would never know when our pension arrived. If we were not at home they would give it to our son or our daughter-in-law but now I can withdraw the cash Rs. 100 or 200. If my daughter comes home I can offer her a cup of tea from my money,” says Ms Devi, who now has a say in how her money is to be spent.\n\nOther women like her, old and vulnerable, have a new-found sense of dignity and self-respect.\n\nKailashi Ram Gopal, a widow adds, “Earlier if a poor woman received money like me, some drunkard or somebody in the family would extract the money from her, but now it can only be taken from the bank and without a card and a finger print, nobody can take it out of your bank, so the money is ours.”\n\nHowever, it is not just pensions and rations, the online transfer of money is also assisting doctors’ work towards improving health indices in rural Rajasthan.\n\nAt the primary health centre in Para village, linking institutional deliveries to the Aadhar card is helping the government monitor maternal health. Women are given Rs. 1,400 after delivery under the Janani Suraksha Yojana, a central government scheme.\n\nBut doctors say the mother has to stay at the health centre for 48 hours to be eligible for the payment. Those 48 hours after birth are crucial to prevent both mother and infant mortality.\n\n“Patients are not given cash or cheques, the money is transferred online to their accounts before they leave the hospital,” said Dr Kaislash Chand Mittal, the Chief Medical and Health Officer in Kekdi Block.\n\nThe women and their newborns will also be tracked for vaccinations and to ensure their children are enrolled in schools, there are financial incentives at each stage — all transferred online into the mother’s account.\n\nNearly five families have been linked with the Bhamashah card in Rajasthan and the Aadhar coverage is almost 80% in the state. But there are drawbacks, mainly with the link to bank accounts as more than half of the state’s population is yet to be linked to formal banking. Time will tell the success of this endeavour in not only Rajasthan, but in Indian society as a whole.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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}ngockimupvoted (100.00%) @aqoom / blockchain-assisting-in-humanitarian-aid2018/10/17 09:35:06
ngockimupvoted (100.00%) @aqoom / blockchain-assisting-in-humanitarian-aid
2018/10/17 09:35:06
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2018/10/17 09:29:48
| author | cheetah |
| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://medium.com/@AQOOM/blockchain-assisting-in-humanitarian-aid-5d1ef1e0c6d0 |
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}cheetahupvoted (0.08%) @aqoom / blockchain-assisting-in-humanitarian-aid2018/10/17 09:29:42
cheetahupvoted (0.08%) @aqoom / blockchain-assisting-in-humanitarian-aid
2018/10/17 09:29:42
| author | aqoom |
| permlink | blockchain-assisting-in-humanitarian-aid |
| voter | cheetah |
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}aqoompublished a new post: blockchain-assisting-in-humanitarian-aid2018/10/17 09:29:36
aqoompublished a new post: blockchain-assisting-in-humanitarian-aid
2018/10/17 09:29:36
| author | aqoom |
| body |  The plight of refugees from Syria, Yemen and certain African countries has been in the spotlight since 2015. As thousands flow into Europe and neighbouring Arab countries like Jordan, the issues of identification and obtaining persons’ histories place a huge burden on the migrant recipient state, apart from the usual provision of food and shelter. In early 2017 a blockchain based programme called Building Blocks in partnership with the World Food Programme helps to distribute cash for food to over 100,000 refugees in Jordan. It is anticipated that by the end of this year, all 500,000 Syrians displaced in Jordan will be covered by this programme. How is this blockchain based venture implemented? At the checkout counter of a supermarket located in the refugee camp, the individual’s food bill is tallied, and paid via eye retina scan. A moment later, an image of the refugee’s eye flashes on the cashier’s screen. Receipts reading “EyePay” and “World Food Programme Building Blocks” across the top are handed over. By letting a machine scan the iris, the refugee’s identity is confirmed and stored on a traditional United Nations database, and queried by a family account kept on a variant of the Ethereum blockchain by the World Food Programme (WFP). Building Blocks was created out of a need to reduce the cost of food distribution. For the WFP, which transferred over $1.3 billion in cash for food benefits in 2017 (about 30 percent of its total aid), transaction and other bank fees are money that could have gone to millions of meals. Early results of the blockchain programme touted a 98% reduction in such fees. So what future plans does the blockchain project have? WFP Executive and Building Blocks Project Head,Houman Haddad, envisions tackling a larger, central problem in any humanitarian crisis: how do you get people without government identity documents or a bank account into a financial and legal system where those things are prerequisites to getting a job and living a secure life? His team aims to create a personalised digital wallet containing information on the individual’s camp transaction history, government ID, education records and access to financial accounts all linked on a blockchain based system. With this wallet, readjustment to life outside the camp for refugees should be realised as they can apply for jobs, receive salaries and obtain bank loans. The ultimate goal is a system in which the user owns and totally controls the digital wallet. It is still early days yet for this technology to be fully adopted by all UN agencies, but it seems quite promising for the Building Blocks team. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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| parent permlink | humanitarian |
| permlink | blockchain-assisting-in-humanitarian-aid |
| title | Blockchain assisting in humanitarian aid |
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"body": "\n\nThe plight of refugees from Syria, Yemen and certain African countries has been in the spotlight since 2015. As thousands flow into Europe and neighbouring Arab countries like Jordan, the issues of identification and obtaining persons’ histories place a huge burden on the migrant recipient state, apart from the usual provision of food and shelter.\n\nIn early 2017 a blockchain based programme called Building Blocks in partnership with the World Food Programme helps to distribute cash for food to over 100,000 refugees in Jordan. It is anticipated that by the end of this year, all 500,000 Syrians displaced in Jordan will be covered by this programme.\n\nHow is this blockchain based venture implemented?\n\nAt the checkout counter of a supermarket located in the refugee camp, the individual’s food bill is tallied, and paid via eye retina scan. A moment later, an image of the refugee’s eye flashes on the cashier’s screen. Receipts reading “EyePay” and “World Food Programme Building Blocks” across the top are handed over. By letting a machine scan the iris, the refugee’s identity is confirmed and stored on a traditional United Nations database, and queried by a family account kept on a variant of the Ethereum blockchain by the World Food Programme (WFP).\n\nBuilding Blocks was created out of a need to reduce the cost of food distribution. For the WFP, which transferred over $1.3 billion in cash for food benefits in 2017 (about 30 percent of its total aid), transaction and other bank fees are money that could have gone to millions of meals. Early results of the blockchain programme touted a 98% reduction in such fees.\n\nSo what future plans does the blockchain project have?\n\nWFP Executive and Building Blocks Project Head,Houman Haddad, envisions tackling a larger, central problem in any humanitarian crisis: how do you get people without government identity documents or a bank account into a financial and legal system where those things are prerequisites to getting a job and living a secure life? His team aims to create a personalised digital wallet containing information on the individual’s camp transaction history, government ID, education records and access to financial accounts all linked on a blockchain based system. With this wallet, readjustment to life outside the camp for refugees should be realised as they can apply for jobs, receive salaries and obtain bank loans. The ultimate goal is a system in which the user owns and totally controls the digital wallet.\n\nIt is still early days yet for this technology to be fully adopted by all UN agencies, but it seems quite promising for the Building Blocks team.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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2018/10/17 09:24:15
| author | cheetah |
| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://www.newsbtc.com/2018/10/09/govt-of-south-korea-is-endorsing-crypto-and-blockchain-like-no-other-region/ |
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2018/10/17 09:24:09
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2018/10/17 09:24:00
| author | aqoom |
| body |  South Korea is a growing example of a country that is rapidly embracing the blockchain/cryptocurrency industry. The government has committed a $100 million fund to develop Seoul as a centre for blockchain innovation. Park Won-soon, the third-time governor of Seoul, during his visit to Switzerland’s Zug last week, stated that the government would launch a Blockchain Urban Plan for 2018–2022. The plan will begin with the construction of two business complexes in Seoul’s western and southeastern districts to accommodate 200 crypto and blockchain companies. This specialised blockchain zone will also feature two training centres that will work towards developing 730 experts in the field. The Seoul Govenor’s recent trip to Switzerland’s crypto valley Zug also highlights his efforts to import offshore blockchain startups to Seoul. It is clear that the government and regulators in South Korea are putting in collective efforts to make their capital a global blockchain hub. More so in times when crypto startups in the world’s largest economies are facing regulatory hibernation. This is a marked difference to the initial treatment of blockchain and cryptocurrency firms in Korea; from concerned financial regulator to a liberal one. Thus far it is evident that the Korean government is endorsing the blockchain and crypto industry like none other in the Asian region. Got questions? Feel free to visit our Q&A platform: www. aqoom.com |
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2018/10/17 09:15:51
| author | cheetah |
| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://medium.com/@AQOOM/cryptolympics-xrp-could-potentially-be-adopted-as-official-currency-of-tokyo-2020-olympic-games-4a5cbd551d26 |
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2018/10/17 09:15:48
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| permlink | cryptolympics-xrp-could-potentially-be-adopted-as-the-official-currency-of-tokyo-2020-olympic-games |
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2018/10/17 09:15:39
| author | aqoom |
| body |  The Tokyo 2020 Olympic Games could hold special significance for crypto enthusiasts as it would be the first time cryptocurrency would be officially adopted for use during the Games. The idea of adopting Ripple’s XRP has been brought forward by Ken Takahashi, a former Japanese baseball player who petitioned the International Olympic Committee to consider the cryptocoin’s use during the event. His reason given for this consideration is that as people from all over the world would come to Tokyo the foreign exchange issue can arise. In order to ease the pressure on the Japanese yen, Ken proposed a system that uses XRP. In addition, cryptocurrency can solve many logistic issues in large international sporting events, for example, transportation, accommodation and other essential services. “We believe that the fast transaction times and security of Ripple Lab’s XRP cryptocurrency would be a great contribution towards solving this problem,” Ken added. Thus far the petition has garnered 8200 signatures, signalling that the general public hold an optimistic attitude towards cryptocurrency. International events such as the Olympic Games could be a good promotional tool for XRP and cryptocurrency payments as it will also benefit the development of cryptocurrency and attract more investors to participate in this field. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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2018/10/17 09:04:45
| author | cheetah |
| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://www.forbes.com/sites/tomvanderark/2018/08/20/26-ways-blockchain-will-transform-ok-may-improve-education/ |
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}cheetahupvoted (0.08%) @aqoom / blockchain-s-impact-on-higher-education2018/10/17 09:04:39
cheetahupvoted (0.08%) @aqoom / blockchain-s-impact-on-higher-education
2018/10/17 09:04:39
| author | aqoom |
| permlink | blockchain-s-impact-on-higher-education |
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}aqoompublished a new post: blockchain-s-impact-on-higher-education2018/10/17 09:04:33
aqoompublished a new post: blockchain-s-impact-on-higher-education
2018/10/17 09:04:33
| author | aqoom |
| body |  What if there was a way to ensure academic records can be verified for authenticity on anyone, anywhere globally? Time and again reports of persons who falsified academic records to obtain top paying jobs or climb the political ladder, have been in the news. Sadly while these persons are either fired from their occupations or in some cases jailed, the damage left behind such as bad business deals or corrupt practices take sometimes years to fix. As such, some projects are looking to find avenues whereby blockchain’s immutable distributed ledger technology can be utilised in education’s administrative processes. Firstly, transcripts must be universally recognised and verifiable. In primary and postsecondary education, verifying academic credentials remains largely a manual process (heavy on paper documentation and case-by-case checking). Learning Machine, a 10-year-old software startup, has collaborated with MIT Media Lab to launch of the Blockcerts toolset, which provides an open infrastructure for creating, issuing, viewing and verifying blockchain-based certificates. CEO of Parchment, a transcript service, Matt Pittinsky, said that there is a lot of design decisions to work out before widespread use of DLT transcripts. He thinks blockchain will store locations to systems that that record comprehensive records providing a balance between permanence and portability. Secondly, for student records, Sony Global Education developed an educational platform in partnership with IBM that uses blockchain to secure and share student records. Storing a comprehensive learner record on a distributed ledger may prove computationally intensive and, as a result, prohibitively expensive. As Pittinsky predicted, DLT may just be used as a directory rather than a data warehouse. In addition, for skills verification, Indorse is a project that utilises blockchain to verify e-portfolios. Users upload claims with a link to verification and other users verify that claim. Specific skill assertions can be verified and communicated with a digital badge. Multiple badges can be assembled into an open badge passport that students can share with prospective employers. To assist with the increased volume of data due to the above activities, DLT cloud storage could offer safer and potentially cheaper alternatives. Dubbed the “Airbnb for file storage,” Filecoin is a high-profile crypto project that rewards the hosting of files. For Master’s degree and PhD holders, blockchain-run sites such as Authorship allow writers to publish their work on the platform. Readers can purchase the books from the platform using Authorship Tokens (ATS), an Ethereum-based cryptocurrency, and writers get 90% of royalties in ATS. Authors own the copyright to their work, so they have the freedom to publish and distribute it elsewhere. In closing, a lot of strides are taking place in the education sector because of blockchain’s impact. It is expected that in the future as more and more educational systems become streamlined along this distributed ledger, the ease of transcript retrieval and academic verification can be widespread thereby reducing instances of corruption in school and job applications. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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"body": "\n\nWhat if there was a way to ensure academic records can be verified for authenticity on anyone, anywhere globally?\n\nTime and again reports of persons who falsified academic records to obtain top paying jobs or climb the political ladder, have been in the news. Sadly while these persons are either fired from their occupations or in some cases jailed, the damage left behind such as bad business deals or corrupt practices take sometimes years to fix. As such, some projects are looking to find avenues whereby blockchain’s immutable distributed ledger technology can be utilised in education’s administrative processes.\n\nFirstly, transcripts must be universally recognised and verifiable. In primary and postsecondary education, verifying academic credentials remains largely a manual process (heavy on paper documentation and case-by-case checking). Learning Machine, a 10-year-old software startup, has collaborated with MIT Media Lab to launch of the Blockcerts toolset, which provides an open infrastructure for creating, issuing, viewing and verifying blockchain-based certificates. CEO of Parchment, a transcript service, Matt Pittinsky, said that there is a lot of design decisions to work out before widespread use of DLT transcripts. He thinks blockchain will store locations to systems that that record comprehensive records providing a balance between permanence and portability.\n\nSecondly, for student records, Sony Global Education developed an educational platform in partnership with IBM that uses blockchain to secure and share student records. Storing a comprehensive learner record on a distributed ledger may prove computationally intensive and, as a result, prohibitively expensive. As Pittinsky predicted, DLT may just be used as a directory rather than a data warehouse.\n\nIn addition, for skills verification, Indorse is a project that utilises blockchain to verify e-portfolios. Users upload claims with a link to verification and other users verify that claim. Specific skill assertions can be verified and communicated with a digital badge. Multiple badges can be assembled into an open badge passport that students can share with prospective employers.\n\nTo assist with the increased volume of data due to the above activities, DLT cloud storage could offer safer and potentially cheaper alternatives. Dubbed the “Airbnb for file storage,” Filecoin is a high-profile crypto project that rewards the hosting of files.\n\nFor Master’s degree and PhD holders, blockchain-run sites such as Authorship allow writers to publish their work on the platform. Readers can purchase the books from the platform using Authorship Tokens (ATS), an Ethereum-based cryptocurrency, and writers get 90% of royalties in ATS. Authors own the copyright to their work, so they have the freedom to publish and distribute it elsewhere.\n\nIn closing, a lot of strides are taking place in the education sector because of blockchain’s impact. It is expected that in the future as more and more educational systems become streamlined along this distributed ledger, the ease of transcript retrieval and academic verification can be widespread thereby reducing instances of corruption in school and job applications.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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2018/10/17 08:24:21
| author | aqoom |
| body |  As a devoted student to the field of International Relations, the understanding that the world governing system is in an anarchic state becomes clearer the more I watch the news. That is not to say that all countries are at war with each other and destruction is rampant, but, that there is the lack of a single world government, a Leviathan one can say. As a result of this and the Westphalian doctrine of country sovereignty, while UN backed policies and protocols are signed by global government heads, they are not always ratified nor adhered to by everyone. Such as the case where US President, Donald Trump, in May 2017 withdrew from the Paris climate agreement based on his ‘America First’ campaign slogan. His rationale being that the climate deal would destroy the domestic job market, especially in energy-intensive sectors. Of course this move was condemned by not only other domestic and international actors, but from major multinational corporations such as Apple, Google, Shell etc. In this vein, the question of whether blockchain technology can prevent cooperation failure among state actors should be examined. Why blockchain and what specialties can it bring to the global political environment? Blockchain is a cryptographically linked digital ledger of transactions distributed across all participants of a peer-to-peer network. In existing use cases, peers are individuals, but nothing can prevent states from adopting blockchain technology to govern their international interactions. This technology consists of 4 parts: blockchains, cryptography, peer-to-peer networks, and consensus mechanisms. Firstly, blockchain is a data structure in which information is stored in blocks and linked to previous blocks. These blocks are linked via cryptography, which allows everyone to verify that a transaction occurred while preserving data privacy. Thirdly, blocks are transmitted to the entire network, thereby building resilience against attacks. Lastly, every blockchain is governed by a consensus mechanism, thus rendering central authorities for validating transactions unnecessary. If a network participant wants to initiate a new transaction — which is a new block in the chain — all network participants must first accept its validity. As the integrity of a participant cannot be readily assumed, the consensus mechanism holds the key to the integrity of the data. Blockchain technology is especially useful where participants need to access, verify, send, or store information securely. Coming out of this technology, smart contracts, which are pieces of computer code that run on top of a blockchain and allow for conditions to be imposed upon transactions, can be explored by state actors. These contracts execute automatically when pre-specified conditions are met. This technology can enhance the credibility of state commitments by allowing for guaranteed execution of inter-state contracts. Additionally, it offers a secure way of making side payments as part of agreements, hence allaying distribution problems. International Relations scholars have long been perplexed by the issue of how cooperation among egoistic states can emerge and be sustained under anarchic conditions. Some would contend that the only reason states cooperate with each other is if it falls in line with national interest. A rational-institutionalist view would contend that states will adopt blockchain technology where the net benefits of doing so are greatest. Adoption in this sense refers to encoding all international agreements on the blockchain so that they inherit its properties. In an anarchic world, states would fear for their survival when being misled. Like traditional international organisations, blockchain technology can serve as a commitment device, but with the added benefit of enforcing commitments under certain instances. Because smart contracts cannot be halted, they imply guaranteed punishment; therefore, states bound by them are disciplined by the credible threat of punishment. State behaviour as such can be constrained only if states have staked resources on their commitments — ‘Proof of Stake’ in blockchain jargon. While no authority can force states to re-enforce their commitments with hard assets, the blockchain allows them to signal commitment by putting monies into custody. Smart contracts automate the commitment cycle by making explicit the conditions under which states will lose their staked asset. Realist scholars would contend that by tightening the grip of international law through smart contracts, blockchain technology might discourage states from making substantial commitments in the first place. However, all governments — in particular democratically elected, fixed term ones — have incentives to lock in policy. By adopting institutions from which exit is costly, they can effectively tie the hands of their successors and limit policy reversals. In addition, guaranteed enforcement allows states to make more dependable commitments to each other, without exposing themselves to excessive risk because smart contracts can be programmed to not come into effect as long as a quorum of states complies with them. Thus, the prospect of guaranteed enforcement can provide sufficient incentives for states to cooperate voluntarily through a blockchain-based governance system. If enforcement problems and the related lack of dependable commitment are the main inhibitors to intergovernmental cooperation, blockchain technology, and particularly smart contracts, hold some promise to bolster cooperation. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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Like traditional international organisations, blockchain technology can serve as a commitment device, but with the added benefit of enforcing commitments under certain instances.\n\nBecause smart contracts cannot be halted, they imply guaranteed punishment; therefore, states bound by them are disciplined by the credible threat of punishment. State behaviour as such can be constrained only if states have staked resources on their commitments — ‘Proof of Stake’ in blockchain jargon. While no authority can force states to re-enforce their commitments with hard assets, the blockchain allows them to signal commitment by putting monies into custody. Smart contracts automate the commitment cycle by making explicit the conditions under which states will lose their staked asset.\n\nRealist scholars would contend that by tightening the grip of international law through smart contracts, blockchain technology might discourage states from making substantial commitments in the first place. 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2018/10/17 04:52:00
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}aqoomfollowed @threekuniverse2018/10/17 04:51:12
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2018/10/17 04:51:12
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2018/10/17 04:50:09
| author | aqoom |
| body |  Japanese money transfer giant SBI Remit is now allowing nearly 500,000 customers the opportunity to send money to Africa using the bitcoin blockchain. Designed to be a faster, more reliable way to send money to the often overlooked African market, the new treasury management services are being provided by venture-backed firm BitPesa, which has raised $10 million from Greycroft Partners and others to turn the bitcoin blockchain into an enterprise payment system. Instead of relying on banks and other intermediaries to transfer Yen into U.S. dollars or Euros, and then convert into African currencies such as the Nigerian Naira or the Ghanaian Cedi, the licensed BitPesa uses a combination of the bitcoin blockchain and other services to create new currency pairs. In addition to settling remittances in as little as one hour thanks to the bitcoin blockchain’s fast settlement times, SBI Remit director Nobuo Ando believes BitPesa’s multiple international licenses will help kick-start African commerce with Japan on a larger scale, by adding an essential layer of trust and transparency. “Many companies are doing trade with African countries and they are suffering from the high cost, slow speed and not very precise administration,” Ando says. “So this is the market that we would like to go in, together with Bitpesa.” The partnership aims to use BitPesa’s custom treasury tools that operate on top of the bitcoin blockchain, to provide liquidity for SMEs. Specifically, the partnership follows a path laid out by BitPesa in targeting cosmetics companies, electronics companies, and the very profitable foreign used-car market between Japan and Africa. Furthermore, the partnership enables direct currency pairings between Japanese yen and the fiat currencies of Ghana, Kenya, Morocco, Nigeria, Senegal, Tanzania, Uganda and the Democratic Republic of Congo. In the past, individuals and companies wishing to do business between Japan and the countries BitPesa serves, had to move Japanese yen through multiple banks. Along the way, the yen was frequently converted to more liquid intermediary currencies like the U.S. dollar or the Euro, accruing fees at every step. According to World Bank estimates, the average remittance fees for this process can reach about 7% of the amount moved, but the cost can also be much higher. By removing these middlemen from the process, Bitpesa is able to provide similar services for about 3% of the total transaction cost. BitPesa founder Elizabeth Rossiello says to avoid fluctuations in the price of both fiat currency and bitcoin, the company’s treasury services are designed to insulate SBI’s customers from risk on either side. “If it makes sense for us to settle using cryptocurrency or fiat currencies, then we do”. SBI Remit was founded in 2010 as part of a spinoff from fintech giant Softbank, and has 450,000 customers, 90% of which are foreigners sending money outside of Japanese borders. In total, the SBI Holdings subsidiary has sent 500 billion yen abroad as of September 2018, much of which went to African countries using traditional payment procedures. There is great promise in the African market. While the remittances market in sub-Saharan Africa is expected to grow 7% this year, to $41 billion, the continent represents just 6.4% of the $642 billion global remittance market, according to World Bank statistics. But with relatively little competition for African business, Rossiello is confident Bitpesa can use the lower costs of the bitcoin blockchain to help catalyze commerce between Africa and the rest of the world. Got questions? Feel free to visit our Q&A platform: www.aqoom.com |
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| permlink | blockchain-in-africa-japanese-money-transfer-giant-opens-doorway-to-the-african-market |
| title | Blockchain in Africa: Japanese money transfer giant opens doorway to the African market |
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"body": "\n\nJapanese money transfer giant SBI Remit is now allowing nearly 500,000 customers the opportunity to send money to Africa using the bitcoin blockchain.\n\nDesigned to be a faster, more reliable way to send money to the often overlooked African market, the new treasury management services are being provided by venture-backed firm BitPesa, which has raised $10 million from Greycroft Partners and others to turn the bitcoin blockchain into an enterprise payment system.\n\nInstead of relying on banks and other intermediaries to transfer Yen into U.S. dollars or Euros, and then convert into African currencies such as the Nigerian Naira or the Ghanaian Cedi, the licensed BitPesa uses a combination of the bitcoin blockchain and other services to create new currency pairs.\n\nIn addition to settling remittances in as little as one hour thanks to the bitcoin blockchain’s fast settlement times, SBI Remit director Nobuo Ando believes BitPesa’s multiple international licenses will help kick-start African commerce with Japan on a larger scale, by adding an essential layer of trust and transparency.\n\n“Many companies are doing trade with African countries and they are suffering from the high cost, slow speed and not very precise administration,” Ando says. “So this is the market that we would like to go in, together with Bitpesa.”\n\nThe partnership aims to use BitPesa’s custom treasury tools that operate on top of the bitcoin blockchain, to provide liquidity for SMEs. Specifically, the partnership follows a path laid out by BitPesa in targeting cosmetics companies, electronics companies, and the very profitable foreign used-car market between Japan and Africa. Furthermore, the partnership enables direct currency pairings between Japanese yen and the fiat currencies of Ghana, Kenya, Morocco, Nigeria, Senegal, Tanzania, Uganda and the Democratic Republic of Congo.\n\nIn the past, individuals and companies wishing to do business between Japan and the countries BitPesa serves, had to move Japanese yen through multiple banks. Along the way, the yen was frequently converted to more liquid intermediary currencies like the U.S. dollar or the Euro, accruing fees at every step. According to World Bank estimates, the average remittance fees for this process can reach about 7% of the amount moved, but the cost can also be much higher. By removing these middlemen from the process, Bitpesa is able to provide similar services for about 3% of the total transaction cost.\n\nBitPesa founder Elizabeth Rossiello says to avoid fluctuations in the price of both fiat currency and bitcoin, the company’s treasury services are designed to insulate SBI’s customers from risk on either side. “If it makes sense for us to settle using cryptocurrency or fiat currencies, then we do”.\n\nSBI Remit was founded in 2010 as part of a spinoff from fintech giant Softbank, and has 450,000 customers, 90% of which are foreigners sending money outside of Japanese borders. In total, the SBI Holdings subsidiary has sent 500 billion yen abroad as of September 2018, much of which went to African countries using traditional payment procedures.\n\nThere is great promise in the African market. While the remittances market in sub-Saharan Africa is expected to grow 7% this year, to $41 billion, the continent represents just 6.4% of the $642 billion global remittance market, according to World Bank statistics. But with relatively little competition for African business, Rossiello is confident Bitpesa can use the lower costs of the bitcoin blockchain to help catalyze commerce between Africa and the rest of the world.\n\nGot questions? Feel free to visit our Q&A platform: www.aqoom.com",
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}aqoompublished a new post: understanding-bitcoin-from-a-country-stats-perspective2018/10/17 04:44:27
aqoompublished a new post: understanding-bitcoin-from-a-country-stats-perspective
2018/10/17 04:44:27
| author | aqoom |
| body |  Infographic courtesy BlockchainHub |
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}aqoomfollowed @hansikhouse2018/10/15 07:59:24
aqoomfollowed @hansikhouse
2018/10/15 07:59:24
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}aqoomfollowed @steempytutorials2018/10/15 07:58:09
aqoomfollowed @steempytutorials
2018/10/15 07:58:09
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}aqoomfollowed @loggiaonfire2018/10/15 07:57:39
aqoomfollowed @loggiaonfire
2018/10/15 07:57:39
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